What Has Been the Growth of the Milk Replacers Market So Far?
The milk replacers market has seen considerable growth due to a variety of factors.
•Over the recent years, there has been significant growth in the milk replacers market. The market, which was valued at $4.24 billion in 2024, is set to ascend to $4.62 billion in 2025 exhibiting a compound annual growth rate (CAGR) of 9.1%.
The historic period's growth can be ascribed to factors such as escalating milk prices, heightened livestock productivity, disease prevention efforts, booming demand for animal protein, as well as issues like drought leading to feed shortages, and livestock health management strategies.
What Are the Future Growth Projections for the Milk Replacers Market?
The milk replacers market is expected to maintain its strong growth trajectory in upcoming years.
• Over the forthcoming years, significant growth is expected within the milk replacers market, anticipated to reach a value of $6.6 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.3%.
The expansion projected during this period can be credited to elements such as environmental and sustainability issues, governmental policies and schemes, breakthroughs in nutritional science, application in unconventional livestock species, and an emphasis on animal welfare. Trends predicted to emerge within this period consist of dedicated formulas for varied species, creativity in ingredients and formulation, sourcing and production with a sustainable focus, advancements in processing technology, personalisation for health and performance, as well as advances in animal nutrition digitalisation.
What Are The Core Factors Supporting Growth In The Milk Replacers Market?
The burgeoning usage of dairy products is anticipated to fuel the expansion of the milk replacer market in the foreseeable future. Dairy items include not only milk but meals produced from milk such as butter, cheese, ice cream, yogurt, along with condensed and dried milk. A rapidly growing population, evolving dietary patterns, and a growing emphasis on the health advantages of dairy products are prompting consumers to gravitate towards these items. Milk replacers can serve as an alternative to milk in response to this soaring demand for dairy items, thereby bolstering the market's growth. For example, data obtained from the International Dairy Foods Association, an American trade association, in November 2023 revealed that cheese consumption achieved a record high in 2022, nearing 42 pounds per person, reflecting a half-pound per person increase compared to 2021. Hence, the swift rise in dairy product utilization is bolstering the growth of the milk replacer market.
What Are The Major Segments Within The Global Milk Replacers Market?
The milk replacers market covered in this report is segmented –
1) By Type: Medicated, Non-Medicated
2) By Source: Milk-Based, Non-Milk-Based, Blended
3) By Form: Powder, Liquid
4) By Livestock: Ruminants, Swine, Equine, Pets, Other Livestock
5) By Distribution Channel: Online Retailing, Super market, Hyper market, Convenience Stores, Other Distribution Channels
Subsegments:
1) By Medicated: Antibiotic-Based Replacers, Antioxidant-Enriched Replacers, Nutritional Supplements
2) By Non-Medicated: Soy-Based Milk Replacers, Whey-Based Milk Replacers, Casein-Based Milk Replacers, Plant-Based Milk Replacers
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Which Trends Are Expected To Transform The Milk Replacers Market?
The enhancement of products based on nutrition is a prominent trend currently observed in the milk replacer market. The main businesses involved in this market are aiming to improve the nutritional value of milk replacers by adding important nutrients, in order to maintain their market standing. For example, in February 2024, ProtéGo, a calf formula aimed at improving calf health and growth, was introduced to the market by Mole Valley Farmers, a leading agricultural supply and rural retail company from the UK. This formula, inspired by colostrum, the initial milk produced by mammals, includes essential bioactive elements that aid in gut and immune system development. Guarantees are provided with the formula for levels of immunoglobulins, lactoferrin, and Milk Fat Globule Membrane (MFGM), all critical in enhancing disease resistance and promoting better weight gain in calves. Developed with carefully chosen, minimally heat-treated dairy ingredients, ProtéGo seeks to enhance daily weight gain in calves, particularly in the early stages of life. The formula's unique composition provides the calories and protein needed for the healthy growth of calves.
Who Are the Key Players in the Milk Replacers Market?
Major companies operating in the milk replacers market include:
• Cargill Incorporated
• Archer Daniels Midland Company
• CHS Inc.
• Alltech Inc.
• Nutreco Holding N.V.
• Glanbia Public Limited Company
• Land O'Lakes Creameries Inc.
• Groupe Lactalis SA
• Van Drie Holding BV
• BEWITAL agri GmbH & Co. KG
• Nukamel B.V.
• Kent Nutrition Group
• Calva Products LLC
• Hi-Pro Feeds LP
• Milk Products LLC
• Manna Pro Products LLC
• Pet-Ag Inc.
• Lactalis Group
• Royal FrieslandCampina N.V.
• Liprovit BV
• Trouw Nutrition
• Volac International Limited
• Nor-Feed Sud
• Bonanza Calf Nutrition
• Merrick's Inc.
• Grober Nutrition
• Agribrands Purina Canada Inc.
• Koninklijke DSM N.V.
• ForFarmers NV
• Harbro Nutrition Inc.
What Is The Most Dominant Region In The Milk Replacers Market?
Asia-Pacific was the largest region in the milk replacers market in 2024. The regions covered in the milk replacers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
